Gen Digital (NASDAQ:GEN) Updates Q2 2027 Earnings Guidance

Gen Digital (NASDAQ:GEN) issued an update on its second quarter 2027 earnings guidance on Thursday. The company provided EPS guidance of 0.710-0.730 for the period, compared to the consensus earnings per share estimate of 0.700. The company issued revenue guidance of $1.3 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion. Gen Digital also updated its FY 2027 guidance to 2.870-2.970 EPS.

Gen Digital Stock Up 0.5%

GEN stock traded up $0.15 during midday trading on Thursday, hitting $28.10. 8,010,816 shares of the company’s stock were exchanged, compared to its average volume of 6,699,423. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.07. The firm has a 50 day moving average price of $25.82 and a 200-day moving average price of $23.28. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 17.78 and a beta of 1.21. Gen Digital has a 12-month low of $17.78 and a 12-month high of $32.22.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.31 billion. Gen Digital had a net margin of 19.46% and a return on equity of 55.47%. Gen Digital has set its FY 2027 guidance at 2.870-2.970 EPS and its Q2 2027 guidance at 0.710-0.730 EPS. On average, analysts anticipate that Gen Digital will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GEN shares. Royal Bank Of Canada restated a “sector perform” rating and set a $27.00 price objective on shares of Gen Digital in a research note on Thursday, July 16th. Argus raised Gen Digital to a “strong-buy” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Gen Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Jefferies Financial Group lowered Gen Digital from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Barclays upped their price target on Gen Digital from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.33.

Insiders Place Their Bets

In other Gen Digital news, Director John C. Chrystal acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $27.06 per share, with a total value of $81,180.00. Following the completion of the transaction, the director owned 31,419 shares in the company, valued at $850,198.14. The trade was a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ondrej Vlcek sold 100,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $24.78, for a total transaction of $2,478,000.00. Following the transaction, the director owned 3,832,724 shares in the company, valued at $94,974,900.72. This represents a 2.54% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Gen Digital

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Gen Digital by 1.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,712 shares of the company’s stock valued at $71,757,000 after purchasing an additional 28,522 shares during the period. Great Lakes Advisors LLC bought a new position in shares of Gen Digital during the 1st quarter worth about $205,000. Woodline Partners LP lifted its stake in Gen Digital by 37.8% during the first quarter. Woodline Partners LP now owns 27,590 shares of the company’s stock worth $732,000 after purchasing an additional 7,562 shares during the period. Focus Partners Wealth boosted its stake in Gen Digital by 9.7% in the 1st quarter. Focus Partners Wealth now owns 22,347 shares of the company’s stock valued at $593,000 after buying an additional 1,980 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Gen Digital by 221.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company’s stock valued at $46,000 after purchasing an additional 1,183 shares in the last quarter. 81.38% of the stock is currently owned by institutional investors.

Gen Digital Company Profile

Gen Digital (NASDAQ: GEN) is a global cybersecurity company specializing in consumer- and small-business-focused security, privacy, and identity protection solutions. The company offers a suite of products designed to safeguard devices, networks, and personal information against malware, ransomware, phishing attacks and other digital threats. With a focus on user-friendly interfaces and cross-platform compatibility, Gen Digital develops antivirus software, VPN services, parental controls, password management tools, and comprehensive identity-theft monitoring services.

Gen Digital traces its origins to the consumer software division of Symantec Corporation, which was spun off in late 2019 under the NortonLifeLock name.